Trident Realty, a New Delhi-based developer with offices in Mumbai, Noida, and Chandigarh, has acquired a 200-acre plot of land in Panchkula in Haryana on which it to develop an integrated luxury township over 7-8 years at an investment of Rs 3,000 crore. The company will use the investment in its recently launched luxury residential project, Trident Hills, an integrated luxury township in Panchkula, to develop the new project.
The company has acquired the 200-acre land parcel through an insolvency process and invested about Rs 400 crore to settle loans taken from financial institutions. It has also provided plots to about 450 stuck homebuyers in this project.
The company has a footprint across the residential, retail, commercial, and hospitality sectors. It has delivered over 20.34 mn sq ft of residential and commercial space in high-growth centres. About 12.91 mn sq ft of residential, retail, hospitality, and commercial space is under various stages of construction.
